Scully Family Charitable Foundation
- Assets
- $980.9k
- Revenue
- $27.0k
- Investments
- $937.8k
- Employees
- 0
- Location
- Gulf Stream, FL
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 35-2547416
Organization Overview
Scully Family Charitable Foundation is located in Gulf Stream, FL. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scully Family Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Scully Family Charitable Foundation generated $27.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (37.2%) each year. All expenses for the organization totaled $169.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Scully Family Charitable Foundation has awarded 117 individual grants totaling $1,848,353. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas A Scully President | 1 | $0 | |
Ann H Scully Vice Pres. | 0.5 | $0 | |
Sarah Vaughn Secretary | 0.5 | $0 | |
Julia L Scully Treasurer | 0.5 | $0 | |
Alexa T Scully Vice Pres. | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,229 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,224 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,005 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,202 |
| Printing and publications | $0 |
| Other expenses | $14,888 |
| Total operating and administrative expenses | $28,849 |
| Contributions, gifts, grants paid | $140,200 |
| Total expenses and disbursements | $169,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,296 |
| Savings and temporary cash investments | $16,876 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $980,942 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Scully Family Charitable Foundation has awarded $140,200 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
UVA HEALTH PURPOSE: ORGANIZATION'S EXEMPT PURPOSE | $30,000 |
THE BATTEN SCHOOL - UVA PURPOSE: ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
VIRGINIA ATHLETICS FOUNDATION PURPOSE: ORGANIZATION'S EXEMPT PURPOSE | $15,000 |
THE ACADEMY ART MUSEUM PURPOSE: ORGANIZATION'S EXEMPT PURPOSE | $16,500 |
EPISCOPAL HIGH SCHOOL PURPOSE: ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
THE CAMPAGNA CENTER PURPOSE: ORGANIZATION'S EXEMPT PURPOSE | $20,000 |